Black Knight Inc gains on FTC agreement to dismiss court case over proposed deal

Black Knight

07/08/2023 12:58

** Mortgage data vendor Black Knight  BKI.N  up 3.7% at
$74.11 premarket
    ** Intercontinental Exchange  ICE.N  and Black Knight say
they have agreed with the U.S. Federal Trade Commission (FTC) to
dismiss a federal court case against their proposed deal
    ** Joint stipulation dissolves a temporary restraining order
against ICE's $11.7 bln proposed buyout of Black Knight,
allowing the companies and the FTC to continue working toward a
final settlement agreement
    ** Last month, Black Knight agreed to sell a second unit for
$700 mln to soothe regulatory concerns over the deal
    ** YTD, BKI shares up 15.8%

 (Reporting by Jaiveer Singh Shekhawat in Bengaluru)
 ((JaiveerSingh.Shekhawat@thomsonreuters.com))